Brookfield Renewable Partners Stock Price
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Brookfield Renewable Partners L.P.’s (BEP) portfolio, which operates as one of the largest publicly traded renewable energy platforms, consists of approximately 21,000 MW of capacity and approximately 6,000 facilities. There are manufacturing facilities in North America, South America, Europe and Asia. Units of the Hamilton, Bermuda-based company closed yesterday’s trading session at $37.82, up 25.3% over the past nine months. Its cash from operations (FFO) rose 11.5% year over year to $242 million in the first quarter ended March 31, 2021.
Brookfield Renewable Partners Stock Price
However, BEP’s revenue for the quarter was $1.02 billion, compared to $1.05 billion in the prior quarter. And net loss for the quarter was $55 million compared to net income of $89 million last year.
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BEP has agreed to sell certain assets as part of its turnaround strategy. Its shares have lost 7.5% in the past three months, and 6.1% in the last month.
With growing concerns about climate change, governments and businesses around the world are increasing their focus on using renewable energy to accelerate decarbonization. The United States, the European Union, Canada and Japan have announced plans to halve emissions by 2030, and the UK to cut emissions by around 80% by 2035. In fact, renewable energy consumption in the United States increased for the fifth year in a row in 2020. Also, according to the DownToEarth report, global energy investment is expected to grow by 10% annually, reaching nearly $1.9 trillion in 2021.
With the largest renewable energy position, BEP should benefit from industry opposition. However, it faces strong competition in the renewable energy space from other players such as NextEra Energy Partners, LP (NEP), Atlantica Sustainable Infrastructure plc (AY) and Renewable Energy Group, Inc. (Reggae).
In April, BEP agreed to sell its remaining 360 MW of operational assets and pipelines in Ireland and about 270 MW of wind assets ready for production in Scotland. The company has signed an agreement to sell 390 megawatts of wind assets, mostly in California. These activities are part of the recycling strategy. It sells mature, risky or non-core assets to use the net proceeds to fund growth opportunities and expand its pipeline. However, asset sales reduce the company’s portfolio and make its prospects uncertain in the medium term.
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In terms of forward EV/S, BEP’s 12.69x is 183.3% higher than the industry average of 4.48x. The forward P/CF of 28.11x is 229.5% higher than the industry average of 8.53x. Forward P/S of 4.55x and 27.60x and EV/EBITDA are higher than industry averages of 2.46x and 11.40x respectively.
BEP has an overall rating of D, which is consistent with the POWR rating system’s Sell. The POWR rating is calculated by taking into account 118 different factors, each factor is evaluated at an optimal level.
Our rating system also rates each stock in eight different categories. BEP has a D grade for quality. This is evidenced by the negative ROCE and ROTA values compared to the industry average of 9.95% and 2.64%.
The stock also has a D rating on momentum, which equates to an 8.2% loss over the past six months and a 7.5% decline over the past three months. BEP has an F rating for value, which is consistent with a higher valuation than the industry.
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In addition to the POWR ratings just highlighted, we also rated BEP for sensitivity, growth, and stability. Find all BEP ratings here.
Although BEP is one of the leading players in the renewable energy space, it has been losing momentum over the past few months. Its EPS is expected to be negative in 2021. Furthermore, its high valuation does not equate to near-term growth potential. Therefore, we think it is wise to stay away from the stock for the time being.
Shares of BEP were trading at $37.26 per share on Thursday morning, down $0.56 (-1.48%). Year-to-date, BEP is down -13.65%, compared to a 14.54% gain in the S&P 500 over the same period.
Manisha had a keen interest in the stock market since childhood. He majored in economics in college and enjoys writing, which led to his career as a research analyst. More…
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Brookfield Renewable Partners LP. These institutions hold a total of 1,272,082 shares. Major shareholders are FPE – First Trust Preferred Securities and Income ETF, FFSAX – Touchstone Flexible Income Fund Class A, First Trust Intermediate Duration Preferred and Income Fund, FPEAX – First Trust Preferred Securities and Income Fund Class A, and CCMNX – CCM Alternative Income. Foundation. Institutional shares.
Brookfield Renewable Partners LP. Major shareholders may include individual investors, mutual funds, hedge funds or institutions. Schedule 13D indicates that the investor owns (or owns) more than 5% of the company and actively intends (or intends) to change the business strategy. Schedule 13G shows more than 5% of indirect investments.
The Ownership Accumulation Score is the result of a sophisticated quantitative model that identifies companies with the highest levels of institutional accumulation. The scoring model uses a combination of aggregate growth in disclosed holdings, changes in portfolio allocation among those holdings, and other metrics. The number ranges from 0 to 100, with higher numbers indicating higher levels of peer grouping and 50 being average.
In addition to reporting on general equity and debt issues, institutions with more than 100 million assets under management must disclose optional holdings or calls. Since put options generally show negative sentiment and call options show positive sentiment, we can find the overall sentiment of institutions by plotting the call ratio. The chart on the right shows the historical ratio/call for this instrument.
Brookfield Renewable Partners Lp (bep Un T) Quote
Using the ratio/call ratio as an indicator of investor sentiment overcomes one of the main drawbacks of using total institutional ownership, which is that large amounts of assets are arbitrarily positioned. Investments are made to monitor indicators. Passively managed funds typically do not buy options, so the call/call ratio closely follows the sentiment of actively managed funds.
We file 13D/G filings separately from 13F filings due to their different treatment by the SEC. A 13D/G filing can be filed by a group of investors (with one leader), while a 13F cannot. This results in a situation where an investor may report one value of total shares on a 13D/G (representing all the shares owned by the investor group), but then file a 13F report for another value. Total number of shares (strictly corresponding to their ownership). This means that proprietary 13D/G filings and 13F filings are often not directly comparable, so they are presented separately.
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